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has made a rise of more than 3% today.
- Ethereum is currently trading at levels around $1860.
- What does Ethereum need to reach the $2000 price levels?
Will Ethereum continue its upward movement? Where are the critical support and resistance levels for ETH? Current ETH analysis!
Current ETH Analysis! Will the Rise Continue?
4 Hour ETH/USDT Price Chart Source: TradingView
When we examine the current price chart of Ethereum (ETH), we can see that it has made a rise above the $1860 level and reached levels around $1890.
If the ETH price continues to close 4H candles above the $1860 level, it may continue its upward trend and rise up to $1940 levels.
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The critical resistance level for Ethereum is $1860. Although this rise movement is considered as a liquidity cleanup for many traders and investors, some investors believe that Ethereum may have started an upward trend.
Where Will Ethereum Go If It Breaks the Critical Resistance Level?
If the Ethereum price closes daily candles above the $1860 level, its first target could be $1940, and the next target could be the $2012 price level.
If Ethereum fails to close daily candles above the $1860 resistance level, it may start a downward trend from this level and make a drop to the $1746 levels first.
If the ETH price closes daily candles below the $1700 level, it may make a drop to the $1615 price level.